Gold rises on a weaker dollar; Strong US data caps gains
Gold prices edged up on Wednesday as the dollar weakened, although bullish U.S. manufacturing data raised hopes of a global economic recovery and dampened demand for the safe haven metal.
FUNDAMENTALS
Spot gold rose 0.1% to $ 1971.07 an ounce at 0032 GMT, after hitting its highest level since August 19 at $ 1991.91 on Tuesday.
US gold futures were flat at $ 1,978.90.
The dollar index has held…
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